July 29, held by the China Insurance Regulatory Commission at a routine press conference the second quarter, the Assistant Chairman of the China Insurance Regulatory Commission spokesman Yuan Li said, at present, insurance fund management companies are the smooth commencement of construction work, completed in After the procedure was set up formally. After a report that insurance companies in the fund after the approval of the State Council in the earliest possible establishment of 6,7 month.
Yuan in the second quarter of a news conference on the position, Xinhua Life Insurance will no doubt again part of "equity" to push outlet Langjian However, Yuan Li said that insurance companies only short-term fund holders, once the time is ripe, will transfer to Insurance coverage Fund's part of the shares of Xinhua Life Insurance, Xinhua Life Insurance exit.
Status of "rationalization"
Insurance protection fund was widespread concern due to the use of the China Insurance Regulatory Commission to address the Xinhua Life Insurance misappropriation of funds issue. After a few shots, the insurance protection fund has invested 2.196 billion yuan acquisition of Xinhua Life Insurance 366.648 million shares to 30.554 percent stake, Xinhua Life Insurance nominally become the first major shareholders.
"In the future, insurance fund management companies after listing, Xinhua Life Insurance as the largest shareholder will be more rationalization addition, Xinhua Life Insurance in dealing with the issue and sell shares on issues such as pricing, as the company is also in the process is indispensable Step. "July 30, foreign trade insurance University scholar Tuo Guozhu said that when interviewed by reporters.
This reporter has learned that the approval of the State Council, approved construction of the insurance fund management companies registered capital of 100 million yuan, based in Beijing. After the founding of the company, originally from the China Insurance Regulatory Commission financial management of the Department of the scale of over 10 billion yuan of insurance protection fund, will be handed over to the new company operations.
According to media reports before, the fund will be the insurance company's "management" list are mainly from the China Insurance Regulatory Commission. Among them, the China Insurance Regulatory Commission Vice Chairman Wei Ying-ling, chairman of the new company may concurrently, and the China Insurance Regulatory Commission uses of funds in-Jin, deputy director of the Department may be as general manager and other executives may come from the China Insurance Security Fund Council of the other members of units.
The conference, Yuan Li said that China's insurance companies to set up the fund, will help fund the insurance market and specialized operation, the insurance industry to enhance the risk of self-protection and risk capabilities.
This reporter has learned that the insurance protection fund was established in 2005, according to various types of business by the insurance companies collect the premiums paid by a certain percentage.
Tuo Guozhu professor told reporters that the China Insurance Regulatory Commission to set up the original intention of the insurance protection fund is mainly two aspects. First of all, is to take over as the Xinhua Life Insurance stake in this issue, the insurance companies operating in a crisis when the shots "to help one." There is also an important mission, is the future insurance company may be revoked or declared bankrupt, the insurance protection fund will come forward to take over, to policy holders or the transferee company, and other policies, such as the provision of relief.
"The insurance companies after the establishment of the fund, in addition to the above responsibilities, but also can use specialized team to carry out investment activities." Tuo Guozhu professor said.
According to relevant regulations, at present, the use of insurance funds is limited to bank deposits, the sale of government bonds and other funds under the China Insurance Regulatory Commission application form, shall not be applied to equity investment, investment in real estate and other types of industrial investment.
Baosteel, the possibility of person-to-large
Yuan said that the meeting of the insurance protection fund currently held by the Xinhua Life Insurance stake is the stage when all the conditions are ripe, the insurance fund will be in accordance with the relevant provisions of the transfer of shares from Xinhua Life Insurance exit.
Earlier, the insurance industry analysts believe that Xinhua Life Insurance shares have been outstanding issues, mainly because there was no legal personality to enable the transfer of equity prices legalization.
Today, insurance companies in the fund when the listing after the withdrawal of how to opt-out, Xinhua Life Insurance is the question of who will ultimately take over the stake, Xinhua Life Insurance stake in the transfer of what will be the price of new issues, such as, became concerned about the process of Xinhua Life Insurance events The new focus.
Recommended Reading
[Exclusive planning] - and exposed Center Daily News: 209 companies 30% net profit growth of more lifting of the ban in August will be 210 billion
Hu Jintao: promoting the role of the Olympic Games should not be overestimated Mr Michael Tien, chairman of Beijing housing prices declassified economic half-hour: prices will be down after the Olympics is Dong Qing court scolded the emotional burst out of control [10 Taiqiyejia] Huaxi's father Wu Baoren [history of] the rule of law 20 [AP] incoming floods have been reported in the media of "suspected" to set the list, there are Baosteel, PICC Property Insurance and China Ping An, such as reinsurance and the number of bodies seen.
An insurance industry believes that in this appears to be more than Deere Xinhua Life Insurance Company's largest shareholder behind, according to speculate, as well as the news from the China Insurance Regulatory Commission, Xinhua Life Insurance in funding the current major shareholder of Baosteel Group and People's Insurance Finance Taken to risk the possibility of greater disk.
Before news that PICC Property Insurance executives on the issue of equity Xinhua Life Insurance and China Insurance Regulatory Commission a number of consultations, the Pode regulatory approval.
At the same time, compared to peace, this country's life insurance, the Property & Casualty development of a comprehensive "sex scandal" target, PICC Property Insurance more likely reason is that people in the center of gravity-General Insurance, life insurance and this is almost A gap that Xinhua Life Insurance stake to people's financial security comprehensive management "at home."
However, as shareholders, such as Baosteel and the existence of Zurich, the PICC Property Insurance to set will not be "smooth sailing."
Zurich Greater China, Southeast Asia chief executive officer of Zhi-Hong Chen had in a media interview, said, "Baosteel, Zurich hope to the future development of Xinhua Life Insurance to play an important role, and Zurich, including management, underwriting, finance, etc. The resources, so we feel that insurance companies do not need a second intervention, we feel that this is not necessary. "
However, in view of Zurich as the largest foreign shareholder of Xinhua Life Insurance shares have reached a ceiling Jian Guanceng addition, Baoshan Iron and Steel Group has been working with the close cooperation, so this "mission" will undoubtedly fall on Baosteel. Meanwhile, the Baoshan Iron and Steel as a transferee with priority given to existing shareholders the right to the shares, is another important, "then-candidate."
Baoshan Iron and Steel Group to the information, even though the main industry for the Baoshan Iron and Steel Industry Co., rather than the financial industry, but in the system, nor what obstacles at the same time, according to media prior to the information received from the China Insurance Regulatory Commission said, Baoshan Iron and Steel Group would be possible to use its A wholly-owned holding company of Warburg Trust to set insurance coverage to fund part of the shares of Xinhua Life Insurance.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment